Shawn Murcia Sells 7,984 SF Retail Property In Los Angeles For $2.4 Million

This transaction involves a multi-tenant retail property located at 2924 North Broadway in Los Angeles. The asset spans 7,984 square feet and is situated on a 12,522 square foot lot. The sale price for the property was $2,400,000, which translates to a price per square foot of $300.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,400,000
• Address: 2924 North Broadway
• Market: Los Angeles
• Square Footage: 7,984
• Price per Square Foot: $300
• Seller: Shawn Murcia
• Brokers: Steve Ravan, Mane Ajaryan & Sasha Soofer - South Park Group

South Park Group represented the buyer in this off-market acquisition, facilitating a 1031 exchange for the buyer to meet their closing timeline. The brokerage successfully sourced the deal off-market, highlighting the effectiveness of their services in connecting buyers and sellers.